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Board amends planning code to subject large banks and credit unions to formula-retail controls
Summary
The San Francisco Board of Supervisors approved an ordinance in first reading to add financial services to the city's formula retail rules, creating a conditional-use requirement for institutions with 11 or more branches; the vote was recorded 8-3.
The San Francisco Board of Supervisors on Tuesday approved, on first reading, an ordinance amending the Planning Code to bring financial services into the city's formula retail controls, requiring a conditional use permit for banks, credit unions and similar institutions with 11 or more branches.
The ordinance's sponsor, Supervisor Marr, said the change responds to neighborhood concerns about an "uncontrolled proliferation of formula retail banks" and would…
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